DAX intraday update (Part 1)
Thursday, June 11, 2009

Similar count for DAX. no change nothing in the big picture. New highs are coming.

Similar count for DAX. no change nothing in the big picture. New highs are coming.

Not change nothing in DAX, despite the confusing intraday patterns. 5300 points here we go!!!!
P.S. Corrective patterns sucks :(((!!!!!


I expected new highs very soon despite the confusing patterns. This time i give two alternative counts but for now i prefer the triangle.

Maybe is missing one simply wave to complete this wave A of P2.


After all SPX still in wave B so may test again the 920-925 area.



Maybe the abc was completed and now is ready for new hights.
The 53xx's is the delightful area to enter short :)))).

When we have corrective patterns followed with (again) corrective patterns is hard to have a decent count. However i like very much this my last chart :).
Between +-950 and +-922 points SPX in cash made clearly 5 waves so i count this like c of iv of "a" as irregular flat. The spike at the 958 points i prefer to count as the end of wave "a" of X. The typical zig zag since friday i will count as "b" of X. Now the bulls are again in control so i expected new highs very soon however the following patterns are important to confirm my count.
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